Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Asiana IDT, Inc. (267850.KS)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$7,422.57 - $10,487.84$8,938.70
Multi-Stage$12,031.45 - $13,194.60$12,601.82
Blended Fair Value$10,770.26
Current Price$11,950.00
Upside-9.87%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%499.82499.82499.820.00499.82499.82450.290.000.000.00
YoY Growth--0.00%0.00%0.00%-100.00%0.00%11.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.77%2.89%3.34%0.00%2.31%4.54%3.49%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)12,811.27
(-) Cash Dividends Paid (M)5,550.00
(=) Cash Retained (M)7,261.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,562.251,601.41960.85
Cash Retained (M)7,261.277,261.277,261.27
(-) Cash Required (M)-2,562.25-1,601.41-960.85
(=) Excess Retained (M)4,699.015,659.866,300.42
(/) Shares Outstanding (M)11.1011.1011.10
(=) Excess Retained per Share423.18509.71567.40
LTM Dividend per Share499.82499.82499.82
(+) Excess Retained per Share423.18509.71567.40
(=) Adjusted Dividend923.001,009.531,067.22
WACC / Discount Rate9.66%9.66%9.66%
Growth Rate-2.47%-1.47%-0.47%
Fair Value$7,422.57$8,938.70$10,487.84
Upside / Downside-37.89%-25.20%-12.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)12,811.2712,623.1412,437.7712,255.1312,075.1711,897.8512,254.78
Payout Ratio43.32%52.66%61.99%71.33%80.66%90.00%92.50%
Projected Dividends (M)5,550.006,646.977,710.528,741.409,740.3410,708.0611,335.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.66%9.66%9.66%
Growth Rate-2.47%-1.47%-0.47%
Year 1 PV (M)5,999.936,061.456,122.97
Year 2 PV (M)6,282.456,411.946,542.75
Year 3 PV (M)6,429.096,628.886,832.77
Year 4 PV (M)6,466.456,735.767,013.40
Year 5 PV (M)6,416.906,752.687,102.38
PV of Terminal Value (M)102,002.39107,339.92112,898.60
Equity Value (M)133,597.22139,930.65146,512.86
Shares Outstanding (M)11.1011.1011.10
Fair Value$12,031.45$12,601.82$13,194.60
Upside / Downside0.68%5.45%10.42%

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